IDC’S OBLIGATIONS. Subject to the terms and conditions set forth in Article II hereof, upon execution of this Agreement, the IDC will provide a grant to the CITY as follows: The IDC agrees to pay to the City of Galveston Two Million, Five Hundred Thousand Dollars and No/100 Cents ($2,500,000.00) plus costs for the following activities to be performed within the City of Galveston, Texas: The City of Galveston will implement the Low Level Service Drainage Improvement Pilot Project portion of the Stormwater Master Plan within the City of Galveston in accordance with the Public Works & Utilities Staff Report dated April 29, 2024 attached hereto as Exhibit A and incorporated herein for all purposes (hereinafter “DIP Project”).
IDC’S OBLIGATIONS. A. Subject to the terms and conditions set forth in Article II hereof, upon execution of this Agreement, the IDC will provide a grant to the PARK BOARD OF TRUSTEES OF THE CITY OF GALVESTON as follows: The IDC agrees to pay to PARK BOARD OF TRUSTEES OF THE CITY OF GALVESTON Seventy-Five Thousand Dollars and no cents ($75,000.00) for the following activities to be performed within the City of Galveston, Texas: The project will redevelop an Amendment and Update of the Park Board’s Federal Beach and Dune Restoration Permits in accordance with the application attached hereto as Exhibit A and incorporated herein for all purposes.
IDC’S OBLIGATIONS. Subject to the terms and conditions set forth in Article II hereof, upon execution of this Agreement, the IDC will provide a grant to the CITY as follows: The IDC agrees to pay to the City of Galveston Five Million Five Hundred Thousand Dollars and no cents ($5,500,000.00) plus maintenance and costs for the following activities to be performed within the City of Galveston, Texas: The CITY will construct improvements to the Sandhill Crane Soccer Complex in accordance with the construction design and plans attached hereto as Exhibit A and incorporated herein for all purposes.
IDC’S OBLIGATIONS. Subject to the terms and conditions set forth in Article II hereof, upon execution of this Agreement, the IDC will provide a grant to the City of Galveston as follows: The project will authorize a grant up to $550,000.00 from Industrial Development Corporation of the City of Galveston funds for the purchase of post-storm beach remediation services, as described in Exhibit B attached hereto and incorporated herein for all purposes, to perform beach remediation.
IDC’S OBLIGATIONS. IDC’s obligations under this Section 18 shall survive the expiration or earlier termination of this Sublease.
IDC’S OBLIGATIONS. A. Subject to the terms and conditions set forth in Article II hereof, upon execution of this Agreement, the IDC will provide a grant to the PARK BOARD OF TRUSTEES OF THE CITY OF GALVESTON as follows: The IDC agrees to pay to PARK BOARD OF TRUSTEES OF THE CITY OF GALVESTON Two Hundred Thousand Dollars and no cents ($200,000.00) for the following activities to be performed within the City of Galveston, Texas: The project will provide the 40% local match requirement for a pending grant award from the GLO CEPRA cycle 12 grant program. The project extends a prior awarded CEPRA cycle 11 project in the 8-Mile Road area west to the bollard line at 13-Mile Road at the eastern boundary of Galveston Island State Park. The project intends to develop engineering and design documents for a future beach nourishment project. The IDC will request a full accounting of the funds expended on the project no later than sixty (60) days after completion of the project. The IDC will pay PARK BOARD OF TRUSTEES OF THE CITY OF GALVESTON up to Two Hundred Thousand Dollars and no cents ($200,000.00) no later than thirty (30) days after the receipt and approval of the accounting.
IDC’S OBLIGATIONS. Subject to the terms and conditions set forth in Article II hereof, upon execution of this Agreement, the IDC will provide a grant to the CITY as follows: The IDC agrees amend the agreement with the City of Galveston to pay an amend the current agreement to add an additional Two Hundred Thousand and No/100 Dollars ($200,000) plus costs for the following activities to be performed within the City of Galveston, Texas: The City of Galveston will repair, rehabilitate, and enhance Xxxxxx Xxxxx Park & Rec Center, Xxxxxx Park & XxXxxxx Xxxx Rec. Center, Lindale Park & Ballfield, Xxxxx Park, Xxxxxxx Park, Xxx Xxxxx Park, Shield Park, Sandhill Crane Soccer Complex, Xxxxxxxxx Park, Lee & Xxx Xxxxxx Bay Park, Crockett Baseball Complex, West-end Ballparks, Xxxxxx Pool, Xxxxx Park and Parks System Signage Updates within the City of Galveston to assist in the implementation of the Community Revitalization Project approved by the IDC Board of Directors pursuant to chapters 501 and 505 of the Texas Local Government Code (hereinafter “Parks Package #3”).
IDC’S OBLIGATIONS. Subject to the terms and conditions set forth in Article II hereof, upon execution of this Agreement, the IDC will provide a grant to the CITY as follows: The IDC agrees to pay to the City of Galveston Three Million Dollars and No Cents ($3,000,000.00) plus costs for the following activities to be performed within the City of Galveston, Texas: The construction of a walkable streetscape along 00xx Xxxxxx from Broadway Avenue to Avenue O and adjacent to Xxxxxx Xxxxxxxxx Stadium in accordance with the proposal dated July 8, 2014 attached to this agreement as Exhibit A and incorporated herein for all purposes.
IDC’S OBLIGATIONS. Subject to the terms and conditions set forth in Article II hereof, upon execution of this Agreement, the IDC will provide a grant to the PARK BOARD as follows: The IDC agrees to pay to the Park Board is Two Hundred Forty Thousand Dollars ($222,000.00) for an engineering and design project that will support the construction of an offshore breakwater that would help modify and better control the movement of sediment in the Dellanera Beach area.
IDC’S OBLIGATIONS. A. Subject to the terms and conditions set forth in Article II hereof, upon execution of this Agreement, the IDC will provide a grant to the CITY as follows:
